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Reaching £1000 taxable interest for the year
Comments
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There will be a fair number on here who have reached, or soon will reach, the point of having been credited with over £1000 interest in the tax year from regular savers and the interest paying current accounts.
Many people may well enjoy a spousal tax shelter.Free the dunston one next time too.0 -
gingercordial wrote: »Personally I enjoy the (limited) maintenance this requires as a kind of hobby.
Actually, when you add in playing the bank account switch and refer a friend games and complaining (legitimately) when they screw up, it's more like a second job than a hobby. But it pays very well by the hour, and certainly more than my day job!0 -
Am I right in thinking that interest earned from savings invested in cash ISAs, do not count towards the £1000 limit?0
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Correct...Am I right in thinking that interest earned from savings invested in cash ISAs, do not count towards the £1000 limit?0 -
Thank you soulsaver.0
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